Koparo obtains Rs 5.2 Cr to expand its brand
- ByStartupStory | February 7, 2024
D2C home care brand Koparo has secured Rs 5.2 crore in funding from 4P Capital Partners, with an additional Rs 70 lakh obtained from Aman Gupta, co-founder of Boat, and Vineeta Singh, co-founder of Sugar Cosmetics, through Shark Tank India.
According to a press release by the company, the funding will primarily be allocated towards brand building and distribution efforts.
Simran Khara, founder of Koparo, stated, “In the next 2 years, we are targeting to reach 10 lakh Indian consumers and our focus is on expanding distribution both online and offline.”
Koparo, which closed last fiscal year with a revenue of Rs 5 crore, aims to significantly scale up to Rs 50 crore in revenue within the next 2 years.
Established in 2021, Koparo had previously raised Rs 5.7 crore in a pre-seed round in 2021, followed by Rs 12 crore in pre-series A round funding in February 2023.
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